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Allen & Overy’s (A&O) turnover is up 11 per cent at the half-year stage, with the firm raking in £582m compared with £526m at the mid-way point of 2010-11.
According to the firm, its practices in Australia, France, Germany, Indonesia and Washington DC put in strong performances.
“The results were slightly better than we expected,” said managing partner Wim Dejonghe, “but we were expecting to see a strong performance because we’ve been investing in new markets and so there was more revenue on the back of that. However, we have also grown through lateral hires in places like Germany.”
In the 2010-11 financial year A&O’s turnover rose 3 per cent at the haf-year stage (8 November 2010), while revenue for the full year was up 7 per cent (6 July 2011).
In 2011 A&O opened offices in Belfast, Casablanca and Washington DC. Most recently A&O has announced that it is discussing a joint venture with Allen & Gledhill in Singapore (3 November 2011).